Layoffs Hit Bloomberg BizWeek

Around 25 Bloomberg BusinessWeek staffers are being let go today as the title continues its integration with new owner Bloomberg LP.

Those being pink-slipped are art and editorial staffers. Another 12 or so will be offered jobs at Bloomberg News, the parent company’s wire service. The total staff reduction amounts to roughly one-third of the newsweekly’s edit staff.

The cuts come as the title faces a 22.4 percent decrease in ad pages to 132 this year through its March 1 issue (Mediaweek Monitor). To stem the decline, BusinessWeek is working on an editorial overhaul that will put a greater emphasis on people and more (but shorter) articles.

A BusinessWeek rep said in a statement: “As we prepare for the launch of Bloomberg BusinessWeek on April 23, we are more deeply integrating our editorial team with Bloomberg's, one of the world's largest news organizations. As a result, there are some job redundancies, as well as areas that we will be strengthening through new hires.”

Around 25 Bloomberg BusinessWeek staffers are being let go today as the title continues its integration with new owner Bloomberg LP.

Those being pink-slipped are art and editorial staffers. Another 12 or so will be offered jobs at Bloomberg News, the parent company’s wire service. The total staff reduction amounts to roughly one-third of the newsweekly’s edit staff.

The cuts come as the title faces a 22.4 percent decrease in ad pages to 132 this year through its March 1 issue (Mediaweek Monitor). To stem the decline, BusinessWeek is working on an editorial overhaul that will put a greater emphasis on people and more (but shorter) articles.

A BusinessWeek rep said in a statement: “As we prepare for the launch of Bloomberg BusinessWeek on April 23, we are more deeply integrating our editorial team with Bloomberg's, one of the world's largest news organizations. As a result, there are some job redundancies, as well as areas that we will be strengthening through new hires.”